Bill Clinton on income inequality 1992, campaigning for president~
....Unfortunately, most Americans are struggling to make their voices heard every day. For the last seven months, I've traveled back and forth across this country, listening to the thousands of people I've met: Unemployed workers who've lost not only their jobs but their pensions, their health care, and even their homes. Laid-off defense workers who now make their living driving cabs. Elderly couples whose refrigerators are bare because so much of their monthly Social Security check has to go for prescription drugs. Middle-class families everywhere who've taken second jobs to make ends meet.
....People who make over $200,000 saw their incomes rise fifteen times faster than average Americans. The average middle- class person, by contrast, is working 158 hours a year more than in 1969 for about the same income -- an extra month of work without extra pay. A new social order is emerging, more unequal, more divided, more impenetrable to those who seek to get ahead.
The U.S. fell from 8th to 22nd in wage inequality in the 1980s. According to a recent study, one percent of the people in the '80s got 60 percent of the country's growth. America is evolving a new social order, more unequal, more divided, more impenetrable to those who seek to get ahead. And although America's rich got richer in the 1980s, the country did not. Ten years ago, America had the highest wages in the world. Now we're tenth, and falling.
What did he do for this more divided unequal social order he wanted to correct?
And while income share for the 1% started growing in the late 1970s, it grew almost as fast under Clinton as it did under Reagan. During Reagan’s two terms, the 1%’s share of the nation’s income grew by half, from 10% to 15%. Under George H.W. Bush, the 1%’s income share stayed about the same. Under Clinton’s two terms, it grew by about one-third, to 21%.
http://www.msnbc.com/msnbc/bill-clinton-defends-his-recordAnd income inequality & poverty rates have also soared under President Obama.
Why do you think we want real Democrats in office instead of right wing third way dems? They are lying to US. And when they get into office they will be working for the Moneyed Interests (who also own the media, thanks Bill) who got them into office.
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